Iran Auto Parts Producers Clinch €700mn Deals in Russia

Date: 24 August 2022 - 21:45

News ID: ۱۰۶۱۴۶

MOSCOW -- Twelve memorandums of understanding worth 700 million euros were signed between Iranian and Russian companies to produce and supply auto parts, IRNA reported on Wednesday.

On the third day of the Automobility 2022 exhibition here, the MoUs were signed to establish a high-tech car parts production line and export car parts. Iran’s Ambassador Kazem Jalali said the agreements will generate more than 700 million euros in hard currency earnings for Iran.